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Jan 14, 2013
01/13
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but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republican point of view is more narrow, that you can default on other payments a
but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking...
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Jan 21, 2013
01/13
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we'll get into a little more of this and we'll talk about just what we've seen with president obama's first return to office and what we've might see for the next four years. and with more people looking to move their money out of bonds and maybe into equities, is it time to look at european stocks? there's plenty more of is that discussion on our website, cnbc.com. >>> german chancellor angela merkel lost a key regional vote in lower saxony. the bellwether for germany's upcoming national election. you can read about that over on our website and the world economic forum, davos kicks office later this week as global leaderes and politicians descend on switzerland to discuss world affairs. cnbc asks is davos the place for responsible capitalism or is it snow polo for the super rich? what do you think? >> i think we have to give them the benefit of the doubt. at least for the time being. let's talk again later in the week. >> are you going? >> no, no, but i'll be watching you. >> excellent. good answer. there's plenty more at cnbc.com if you want to see more for that coverage. and coming
we'll get into a little more of this and we'll talk about just what we've seen with president obama's first return to office and what we've might see for the next four years. and with more people looking to move their money out of bonds and maybe into equities, is it time to look at european stocks? there's plenty more of is that discussion on our website, cnbc.com. >>> german chancellor angela merkel lost a key regional vote in lower saxony. the bellwether for germany's upcoming...
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Jan 15, 2013
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president obama again rejected any negotiation with republicans over the debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the
president obama again rejected any negotiation with republicans over the debt ceiling. i love the debt clock. it's almost as fast as the amount of money they're going to earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its...
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Jan 15, 2013
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it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we had here, they removed the bushmaster ar-15 that killed 26 people from their website. and yet we're still selling semiautomatic guns, and many guns sold out of the semiautomatic guns and they say they're not prepared to change their gun mix. they're right in the heart of that debate as the largest licensed gun seller in the united states, as we get moves almost by the hour. the white house trying to change gun policy. >> exactly. >> reluctantly. they didn't want to go in the first instance and said, we didn't realize how important that it was that we were physically. >> we'll
it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we...
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Jan 19, 2013
01/13
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but even though first lady michelle obama isn't in the picture, she has the look that people are talking about. we'll explain. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. [ male announcer ] send the aflac duck a get-well card iimagine living your life withss less chronic low back pain.. imagine you with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic
but even though first lady michelle obama isn't in the picture, she has the look that people are talking about. we'll explain. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until...
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Jan 17, 2013
01/13
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and i'll talk about later in the program. seven examples of barack obama using executive powers, obamacare, he used it on executive appointments, recess appointments, et cetera, and no congressional approval on certain things and now this, now he's bypassing congress. what do you make of that power grab by the president? >> well, first of all, there are 23 of these. some of them the question is why are we doing that. for example, he's got an order to finally nominate and alcohol tobacco and firearms director? really? and mr. president, you shall finally meet your statutory responsibilities of nominating a director. we're going to provide the relevant data for the background check. we need an eo to tell them to meet the current obligations and require federal law enforcement officers to trace guns recovered in criminal investigations. why aren't we doing this already? part of it is why are we doing it and why do we have to do it? we're going to tell the centers for disease control to research the causes and preventions of gun
and i'll talk about later in the program. seven examples of barack obama using executive powers, obamacare, he used it on executive appointments, recess appointments, et cetera, and no congressional approval on certain things and now this, now he's bypassing congress. what do you make of that power grab by the president? >> well, first of all, there are 23 of these. some of them the question is why are we doing that. for example, he's got an order to finally nominate and alcohol tobacco...
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Jan 19, 2013
01/13
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CURRENT
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technically speaking its more like fascism, he's talking about obama-care. socialism is where the government owns the mean of production, and in fascism the government doesn't own the means of production, but they do control it, and that's what's happening in our healthcare programs and these reforms. guys, i want to go you, michael shure, what are your thoughts on this? is obama a fascist? >> no, he's not. my favorite was when mackey went on to say, i'm sorry, i didn't mean fascist. some people would associate that with hitler and mussolini, i'm paraphrasing here. what else do you associate it with? it was totally out of line and it made me want to buy processed foot more. >> ana: i love that you mentioned him back peddling a little bit he released people were up set about it. the price of his stock did not drop at all, which i found interesting, but he found that the criticism was too much to bear, so he went on fox news and said the following. >> there is so much emotional baggage with that term dating back to germany, and spain, and italy in world war ii
technically speaking its more like fascism, he's talking about obama-care. socialism is where the government owns the mean of production, and in fascism the government doesn't own the means of production, but they do control it, and that's what's happening in our healthcare programs and these reforms. guys, i want to go you, michael shure, what are your thoughts on this? is obama a fascist? >> no, he's not. my favorite was when mackey went on to say, i'm sorry, i didn't mean fascist. some...
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Jan 18, 2013
01/13
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i'm talking about what's actually been spent. >> i know, and are you suggesting now that we should not pay those bills? is that really what you think? that we should not pay the bi s bills -- that we should not pay the bills? >> what i really think is we're not going to get the spending that we were promised. every time we're promised cutbacks in spending, we don't get it. >> that's into law. there's many many things that very been cut, and we're willing to go further. but to say that we're going to not pay the bills that have been incurred is just lunacy. david: the hardest question i have asked you so far, is evanston illinois still the most beautiful place in the world? >> it is absolutely the most beautiful place. we agree on that. david: i used to live there. congresswoman great to have you. have a wonderful weekend. >> thank you you too. david: appreciate it. liz: in an interview earlier this week whole foods market co ceo referred to the new healthcare law as quote more like fascism than socialism. his controversial comment got so much backlash from the company's customers that
i'm talking about what's actually been spent. >> i know, and are you suggesting now that we should not pay those bills? is that really what you think? that we should not pay the bi s bills -- that we should not pay the bills? >> what i really think is we're not going to get the spending that we were promised. every time we're promised cutbacks in spending, we don't get it. >> that's into law. there's many many things that very been cut, and we're willing to go further. but to...
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Jan 20, 2013
01/13
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they helped by building a book shelf and talking to volunteers at the school. turner elementary school was one of six public schools that got to be a part of the day of service. they helped collect and distribute books with the help of chancellor, kia henderson and john legend. 2,000 of the students and five other schools will get those books. >>> the national day of service was instituted by president obama in 2009. the weekend of his first inauguration. his administration continued the day every year since and today, as they try to expand the day. a crowd of workers gathered on the national mall. fox 5's john hanrahan was there. >> reporter: yolanda adams made her pitch with a song. ♪ [ music ] chelsea clinton visited a booth to help the youngsters write letters to sick children. and eva longoria appealed to a crowd of thousands to help improve the nation by volunteering. >> make the difference in one child's life. mentor a student, donate a book to a library. donate supplies to a neighborhood school. help paint a classroom or clean the playground. >> thous
they helped by building a book shelf and talking to volunteers at the school. turner elementary school was one of six public schools that got to be a part of the day of service. they helped collect and distribute books with the help of chancellor, kia henderson and john legend. 2,000 of the students and five other schools will get those books. >>> the national day of service was instituted by president obama in 2009. the weekend of his first inauguration. his administration continued...
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Jan 17, 2013
01/13
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so we're talking about dealing with this in an intellectual way, the nra ad using obama's children to make a point. maria in. >> to use will's word, that is absolutely despicable. the children of president, the spouses of presidents, president's families are off limits and so i think the majority of americans believe that ad was absolutely d despicable. i think bringing into this the effect that this event had on children is something that we have to think about. and, frankly, majority of americans, including gun owners, believe that we do have to do more in term of sensible regulations and making sure that we do anything and everything that we can for this not to happen again and a lot of opponents, not even all republicans or nra members because that's not the case, a lot of the opponents for any measure here are going to be using that argument that it is a weak intellectual argument. no. let's talk about what can be done, if anything can be done. we should be doing it to keep this from happening again. >> and will, you know, i've never objected to a little emotion and argument. you
so we're talking about dealing with this in an intellectual way, the nra ad using obama's children to make a point. maria in. >> to use will's word, that is absolutely despicable. the children of president, the spouses of presidents, president's families are off limits and so i think the majority of americans believe that ad was absolutely d despicable. i think bringing into this the effect that this event had on children is something that we have to think about. and, frankly, majority of...
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Jan 14, 2013
01/13
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president obama, maybe we'll talk hip-hop as well, in a final formal news conference before he takes the oath of office here in his second term spoke this morning, pushing for support on raising the debt ceiling. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> so the president says there will be no ransom, you heard him say no bargaining chip in this whole debt ceiling debate. the deadline to raise that ceiling is approaching quickly. some members in congress say they're willing to shut down the government to avoid raising that limit now. joining me now is ben stein. nice to have you in person. >> honored to be here. i'm very sorry the weather is
president obama, maybe we'll talk hip-hop as well, in a final formal news conference before he takes the oath of office here in his second term spoke this morning, pushing for support on raising the debt ceiling. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the...
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Jan 15, 2013
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>> i've talked to tdianne feinstein many times about this. is it something that can pass the senate? maybe. is it something that can pass the house? i doubt it. >> so even harry reid is not so confident that any substantive gun properly law will be able to pass in the house. so why not an executive order if you're strongly in favor of doing something? >> first of all, harry reid does not want to fwe through tgo thr gyrations on gun policy because frankly he comes from nevada. harry reid has had a very high record from the nra, very high ranking from the nra. any of us who have been to nevada know that there is a very big gun culture there and the other surrounding states. frankly, the two senators from nevada and idaho where there is great gun culture have just as much votes as the two senators from california or from some other northeastern states. and i think it's important that the white house listen to some of these voices coming from some of the more rural areas like an idaho, like a nevada, because they vote, too. and we need to make th
>> i've talked to tdianne feinstein many times about this. is it something that can pass the senate? maybe. is it something that can pass the house? i doubt it. >> so even harry reid is not so confident that any substantive gun properly law will be able to pass in the house. so why not an executive order if you're strongly in favor of doing something? >> first of all, harry reid does not want to fwe through tgo thr gyrations on gun policy because frankly he comes from nevada....
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Jan 18, 2013
01/13
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president obama will take the oath of oath there on monday. we're counting down to the inauguration. you're in "the situation room." >>> but first, the deadly drama unfolding right here -- right now, i should say, in the desert of eastern algeria. hostage rescue operation apparently still under way. an unknown number of captives are being held by militants who seized hundreds of people at a gas field near the libyan border, including a number of americans and other foreigners. we know many of the hostages have, in fact, been released. some managed to escape. but others are dead, others are still missing. and we've just received word that algerian forces are now trying to negotiate the release of the remaining hostages. cnn's foreign affairs correspondent jill dougherty is over at the state department. what's the latest information you're getting? >> reporter: wolf, secretary clinton says that the u.s. remains deeply concerned about those hostages who are still in danger. she's already expressed her condolences to the families of hostages from
president obama will take the oath of oath there on monday. we're counting down to the inauguration. you're in "the situation room." >>> but first, the deadly drama unfolding right here -- right now, i should say, in the desert of eastern algeria. hostage rescue operation apparently still under way. an unknown number of captives are being held by militants who seized hundreds of people at a gas field near the libyan border, including a number of americans and other...
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Jan 15, 2013
01/13
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and we must remember when we talk about rights, children have a right to be safe. so i applaud president obama and vice president biden for proactively taking the necessary steps to address this critical issue. it's going to take all of us united, regardless of party affiliation or our differing views on constitutional rights, to stem this tide of violence. more importantly we must take a hard look at funding for mental health services and other services. we must look at sinking technology -- syncing technology to ensure proper and tighter access to firearms. we must place adequate controls on ammunition. bottom line, we must protect our schools, our communities, children and families must be safe. i respectfully ask my colleagues to make this issue of violence a priority and to support our nation's leadership as they work through resolving this challenge which should not be difficult. if we compromise and keep focusing on saving lives. madam chair, i pledge to support you and to support all my other colleagues with the congressional black caucus to make a difficul
and we must remember when we talk about rights, children have a right to be safe. so i applaud president obama and vice president biden for proactively taking the necessary steps to address this critical issue. it's going to take all of us united, regardless of party affiliation or our differing views on constitutional rights, to stem this tide of violence. more importantly we must take a hard look at funding for mental health services and other services. we must look at sinking technology --...
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Jan 15, 2013
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, criticizing, talk to the supreme court what congress said. that same situation. >> why is that? why is that iraq i think in part actually this just that to close. it has come up wraparound the actual polarization. i think the one thing we can take away from this whole situation is that bullies when. as much as we believe. nothing more. basically he can call people up and humiliate them and bash them, and it does manage you intimidate governments and leaders radical institutions. i think that is a problem. we all feel what could happen. of the -- of 81 should have called what happened a coup. it was, but the fact that no one raised the question of what this meant for their respective the letter. it is not the spirit of the constitution. it was very sad. worse, and this is a government that is very good. always staying a few -- shades of gray, and not the novel, but consistently named supreme court justices violating procedures, and consistently now -- if it comes to an election let me venture a guess, the constitution requires an election be h
, criticizing, talk to the supreme court what congress said. that same situation. >> why is that? why is that iraq i think in part actually this just that to close. it has come up wraparound the actual polarization. i think the one thing we can take away from this whole situation is that bullies when. as much as we believe. nothing more. basically he can call people up and humiliate them and bash them, and it does manage you intimidate governments and leaders radical institutions. i think...
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Jan 16, 2013
01/13
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i have talked with president obama about this. i know he's strongly committed to real immigration reform. would like to see the dream act passed. i'd like to see a number of other things and we'll work on it. one of your fellow graduates of georgetown, senator durbin, deserves every kind of honor and praise for what he's done in the dream act. he'll be very important in this. >> good morning, senator. "the washington post" had a piece yesterday suggesting that you represented perhaps an obstacle to the passage of gun control legislation. i'm wondering -- obviously you do in a sense. but i'm wondering if sort of standard practice in congress should yield to what many perceive to be an extremely urgent situation. >> i think it is an urgent situation and that's why the first hearings held by anybody, house or senate, is going to be by me and my committee in that. i wasn't quite sure who they were writing about when i read the article, but i will strongly defend the press right to print anything they want, accurate or otherwise, but t
i have talked with president obama about this. i know he's strongly committed to real immigration reform. would like to see the dream act passed. i'd like to see a number of other things and we'll work on it. one of your fellow graduates of georgetown, senator durbin, deserves every kind of honor and praise for what he's done in the dream act. he'll be very important in this. >> good morning, senator. "the washington post" had a piece yesterday suggesting that you represented...
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Jan 16, 2013
01/13
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we start this hour talking about a major announcement from president obama and the vice president, joe biden. next hour they will unveil their plan to fight gun violence in america. and they'll be joined by several families of newtown shooting victims and children who wrote letters about gun violence. here's what we're experting. according to an official familiar with the situation the president will press for a ban on high capacity magazines and assault weapons, push for universal background checks and request funds be made available to treat mental illness and enhance school safety. dan lothian joins us now. the nra is on the attack before they have seen the plan. >> it's a controversial ad the nra has released. it's not only going after the president and suggesting he's an elitist, but also going after the first daughters. it is an ad that is clearly aimed at sort of defending their position, which is they believe as the president looks to have these two tracks, one put pressure on congress to pass some of this -- these regulations, but also for the president to do things on his own
we start this hour talking about a major announcement from president obama and the vice president, joe biden. next hour they will unveil their plan to fight gun violence in america. and they'll be joined by several families of newtown shooting victims and children who wrote letters about gun violence. here's what we're experting. according to an official familiar with the situation the president will press for a ban on high capacity magazines and assault weapons, push for universal background...
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Jan 16, 2013
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lots to talk about with david kooen. stay with us. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> let's continue the conversation in our strategy session. joining us right now, two cnn political contributors. the democratic pollster cornell belcher and republican strategist alex castellanos. the president laid out a very am bishops shous plan to deal with guns. cornell, you're familiar with this issue. can he deliver? >> well, i think he can deliver. if you look poll after poll, this is where the american people are. what happened in connecticut was a conscience jarring for americans. similar to what we saw on 9/11 where the world is not the same. americans are hungry for change. the assault weapons ban, the commonsense registration laws, fixing the loopholes, these are commonsense things that congress should get on board. you're seeing a lot of grumbling from congress right now. they don't understand where the am
lots to talk about with david kooen. stay with us. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> let's continue the conversation in our strategy session. joining us right now, two cnn political contributors. the democratic pollster cornell belcher and republican strategist alex castellanos. the president laid out a very am bishops shous plan to deal with guns. cornell, you're...
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Jan 13, 2013
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. >> mike: and let's talk about another hot button issue. president obama setting his sights on perhaps the next overhaul of the immigration system. and there is already a republican challenge in the works. >> jennifer griffin joins us live with the details. >> good morning, guys. the president has vowed to take on immigration reform. but florida senator marco rubio whose parents were from cuba, accuses the president of poisoning the well, even last minute laws through an executive order issuing work permits and halting deportation just prior to the election. in a wide ranging interview in the wall street journal, rubio explains why the president must embrace immigration reform and outlines what he hopes to be his signature plan. quote, i don't think there's a lot of concern in this country that we'll now get overrun by ph.d.'s and entrepreneurs. i think it's the rhetoric by a handful of voices in the minority, but loud none the less that have allowed the left to create an unfair perception to conservatives and republicans are anti-hispanic,
. >> mike: and let's talk about another hot button issue. president obama setting his sights on perhaps the next overhaul of the immigration system. and there is already a republican challenge in the works. >> jennifer griffin joins us live with the details. >> good morning, guys. the president has vowed to take on immigration reform. but florida senator marco rubio whose parents were from cuba, accuses the president of poisoning the well, even last minute laws through an...